The Board Recommends Dividend Payment for the first nine months of the Financial Year ended 30 September 2016
The Board of Directors of Severstal ('Severstal', 'the Company') (LSE: SVST; MICEX-RTS: CHMF), one of the world's leading vertically integrated steel and steel-related mining companies, is recommending a dividend of 24.96 rubles per share for the first nine months ended 30 September 2016.
Approval of the dividend is expected at the Company's EGM which will be held by absentee voting on 2 December 2016. All Severstal shareholders on the register as at 7 November 2016 are eligible to participate.
In the case that the dividend payments for the first nine months ended 30 September 2016 are approved at the EGM, the record date for this dividend payment will be 13 December 2016.
For further information, please contact:
Severstal Investor Relations
Vladimir Zaluzhsky
T: +7 (495) 926-77-66
vladimir.zaluzhsky@severstal.com
Evgeny Belov
T: +7 (495) 926-77-66
evgenii.belov@severstal.com
Severstal Public Relations
Anastasia Mishanina
T: +7 (495) 926-77-66
anastasia.mishanina@severstal.com
Severstal's financial communications agent - Hudson Sandler
Andrew Hayes / Emily Dillon / Alex Brennan
T: +44 (0) 20 7796 4133
OAO Severstal published this content on 24 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 October 2016 15:32:02 UTC.
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